[FURL=https://www.industryarc.com/Report/16021/di-isononyl-phthalate-phthalate-market.html]Di-isononyl phthalate (DINP) Market[/FURL] is forecast to reach $2.8 billion by 2025, after growing at a CAGR of 3.56% during 2020-2025. Di-isononyl phthalate (DINP) is often used to soften or plasticize polyvinyl chloride (PVC). DINP is a general-purpose plasticizer used in a variety of vinyl products requiring flexibility, durability, and particular functionality. While DINP’s primary function is as a softener, it is also used in sealants, paints, nitrocellulose lacquer coatings, and lubricants. The consumption of bottled water, soft drinks, and other premium beverages has increased massively worldwide during the last decade owing to which the demand for PVC is also significantly increasing. Key Takeaways
Asia-Pacific dominates the di-isononyl phthalate (DINP) market, owing to the increasing manufacturing & construction activities in the region due to various government initiatives such as “100 smart cities” and “Housing for all by 2022” in the region.
DINP offers properties such as resistance to changing weather conditions, water resistance, high thermal insulation, long-lasting wear, and durability. Its low volatility makes it effective in applications where products are exposed to high temperatures, making them more resistant to degradation.
According to European Plasticisers, 7.5 million tonnes of plasticizers are consumed annually worldwide, of which over 1.35 million tonnes are consumed in Europe.
Due to the COVID-19 pandemic, most of the countries has gone under lockdown, due to which operations of various industries such as automotive and building & construction has been negatively affected, which is hampering the di-isononyl phthalate (DINP) market growth.
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Di-Isononyl Phthalate (DINP) Market Segment Analysis - By Geography
Asia Pacific held the largest share in the di-isononyl phthalate (DINP) market in 2019 up to 38%, owing to the increasing automotive industry in the region. In the automobile industry, di-isononyl phthalate (DINP) is often used in the manufacturing of automotive parts such as trim, cables, under-coatings. According to the British Plastics Federation, every 100kg of plastic such as PVC can replace between 200-300 kg of traditional materials.
Di-Isononyl Phthalate (DINP) Market Drivers
Increasing Consumer Electronics Industry
Expanding the Building and Construction Industry Owing to the Government Initiatives
Major players in the di-isononyl phthalate (DINP) market are BASF SE, ExxonMobil Corporation, Evonik Industries AG, UPC Group, KLJ Group, LG Chemical, Nan Ya Plastics, Aekyung Petrochemicals, Shandong Qilu Plasticizers, and Mitsubishi Chemical Holdings Corporation.
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